Nigerian stocks halt slide on increased demand for financial services shares
The index has seen a 10.4 per cent gain January to date.
The index has seen a 10.4 per cent gain January to date.
The index rose to its peak since September 2008 on Tuesday, helped by an investment exuberance that saw energy giant ...
The all-share index jumped 486.54 basis points to 47,111.21.
The firm's gross written premium scaled up to N60.2 billion, up from the N47.6 billion posted the year before.
The index has yielded 7.71 per cent year to date.
Airtel continued to draw interest from investors, garnering 10 per cent gain.
Year to date, the index is up 7.55 per cent.
Nigerian Breweries and FBN Holdings led the retreat, with UBA, UCAP and GTCO strengthening loss.
The all-share index fell 0.12 per cent.
Since the turn of the year, the index has advanced by 2.7 per cent.
BUA Foods was listed at N40 per unit but appreciated by 10 per cent on the day of its admission, ...
Year to date, the index is up by 3.82 per cent.
A total of 142.2 million shares worth N2.5 billion were traded in 3,749 deals.
The all-share index eased 0.51 per cent.
MTN Nigeria triggered the loss, shedding as much as 10 per cent, the maximum daily decline allowed by the exchange.
Zenith led the slide supported by GTCO, and Union Bank.
Nigerian Breweries, Seplat and GTCO, helped set the slide in motion.
The all-share index rose 0.52 per cent.
GTCO and Zenith, Nigeria’s two biggest lenders by market capitalisation, accounted most for the drop as investors were more willing ...
MTN and Airtel on Friday announced receipt of a tentative nod of banking sector watchdog the Central Bank of Nigeria ...
The firm is the fifth company and first non-IT firm in the world to achieve the trillion mark.
Central to Friday’s performance was Ecobank Transnational Incorporated and FBN Holdings.
The advance was triggered by a huge demand for the shares of FBN Holdings, Champion Breweries, Seplat and Fidelity Bank.
FBH Holdings, ETI, Champion Breweries and Access drove the rally, which was partly supported by an almost threefold leap in ...
Also helping gains at individual stock level were palm fruit processors Presco and Okomu Oil.
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